I have never invested in any kind of stocks. What can I invest in for a few hundred dollars?

Question

I don't know much about investing. I am eagar to start some kind of savings for my future. My children are grown and have graduated college. I have never had any extra money for myself or to invest before. I am a single 45 year old working woman. I have no benifits from my work.

Answer 1

A few hundred dollars may not be enough to 'beat' the market. This kind of money might be better placed in a mutual fund where you have the power of collective money to help. If you are like me and really want to avoid having others invest your money, you can use a buy/hold method of investing. Just choose a few companies, study them heavily and invest in one for the long haul. If you trade often, the fees will kill your profits.

I'll be starting a blog (in a few months) describing my own experiences, past and current, investing. I used credit card cash advances to build my portfolio, and now I am debt free. It will be here on yahoo 360. Keep an eye out if you are interested. Good luck!

Answer 2

Your best bet is probably a mutual fund. However, you have to decide what is best for you. The first thing to do is learn a little about investing. I recommend starting at this site on Yahoo

http://finance.yahoo.com/education/begin_investing

Learn the basics and when you're ready to make a decision, open an account with a reputable investment company.

There are several good investment companies. The one most friendly and inexpensive is Ameritrade (www.ameritrade.com). You might also consider E-Trade (www.etrade.com).

Never buy "penny stocks" or take "tips" you get over the net. Always do you research and check the "fundamentals" of the company you want to invest in (such as sales, expenses, and profits over time).

Answer 3

Don't take anyones advise until you read up on investing vehicles and are comfortable with your goals. Your best approach would be to look beyond just stocks and also consider mutual funds with low fees. There are a world of different funds and different fund companies. Figure out what you can afford to deposit regularly, when you want access to the funds and research the returns for the funds availabe over the past 3, 5, 10 years and remember that past performance in no way gaurantees future performance on any fund. If it's OK to quote companies then Vanguard has some pretty durn good funds you should consider. You should also consider getting into funds that diversify their investments so you have a well balanced porfolio. Vanguard offers some "Target Retirement" funds that are pretty simple and are tied to your "target" retirement year, whatever that may be.

Answer 4

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Answer 5

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/c8109

Answer 6

Would you like a 300% return from the few hundred dollars you have? You can even make more than that if you are willing to do a little bit of work. E-mail me for more information, what I have might help you.
TQ.

Answer 7

there are so-called "penny stocks", so named because in the good-old-days, many of them traded for pennies a share. now they refer to any stock that trade for a few dollars or less after its initial offering. since the usual minimum purchase is 100 shares, you can own these for several hundred dollars. there are still stocks that trade for $ .25 and up. if it goes to 1.00 or more, you've made some money. one of the more recent penny stock phenomenons was the Smart Car (owned by Mercedes Benz/Chrysler). it was a penny stock and last i checked, it was at $2.49. good luck.

Answer 8

Talk to someone about a mutual fund. It is diversified and you have less risk of losing your money. Since they were created in 1924, they have averaged 12% interest. Is this money that you can afford to lose? If it is, go for aggressive funds - Remember risk = reward - the greater the risk, the more your reward and vice versa. Good luck!!!

Answer 9

Be very careful. Do your homework. Learn how stock brokers work. Don't take anyones (THATS ANYONE) advice.
Study stock fundamentals.
You will probably want to use an online broker--they usually have lower commissions and they are safe as any.

Answer 10

I would invest in Chevron (CVG). Thats my opinion.

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